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Crypto vs. Dollar

📌 German authorities sell another $15 million in confiscated bitcoins

German judicial authorities are continuing to sell bitcoins seized earlier this year from defunct piracy site Movie2k. Bitstamp

– German judicial authorities are continuing to sell bitcoins seized earlier this year from defunct piracy site Movie2k.

What happened: a total of 250 BTC/USD bitcoins ($15.4 million) were sent to cryptocurrency exchanges Bitstamp and Kraken on Wednesday, according to blockchain analytics firm Arkham Intelligence.

This follows a series of similar transactions over the past week that saw a total of about $150 million in bitcoins transferred to the exchanges’ wallets.

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